Tullow Oil Share Discussion Threads

[leoneobull] 20/3/2020 06:27

Texas. You sound like DeanRobert, not so much a deplorable, as the deplorable

[bigtune888] 20/3/2020 05:23

KEY POINTS
U.S. crude futures for April rose 92 cents, or 3.7% to $26.14 a barrel. The front-month April contract, which spiked 24% on Thursday, expires later on Friday.
Brent crude futures climbed 57 cents, or 2%, to $29.04 per barrel. Brent rose 14.4% on Thursday in its biggest one-day gain since September.
GP: US Pumpjack at Dusk in the Permian Basin
Silhouette of Permian Basin pumpjacks taken at dusk, north of Midland, Texas, U.S. in late 2019.
Richard Eden | via Getty Images
U.S. crude oil prices rose over $1 on Friday, extending steep gains from the previous session, after U.S. President Donald Trump hinted he may intervene in the price war between Saudi Arabia and Russia at an “appropriate time”.

Prices were also supported by United States’ plans to buy oil for its emergency stockpile, while regulators in the country’s largest oil-producing state Texas were reportedly considering curtailing production.

“Such actions, if implemented, would reduce global and domestic supplies and help support prices in the near-term,” Goldman Sachs said in a note on Friday.

“While this support could prove lasting in 2H20, the accompanying supply cuts would however remain much too small to offset the current 8 million barrels per day hit on demand from the coronavirus...”;

The more active West Texas Intermediate (WTI) crude futures contract for May was up $1.01, or 3.9% at $26.92 a barrel by 0352 GMT.

U.S. crude futures for April rose 92 cents, or 3.7% to $26.14 a barrel. The front-month April contract, which spiked 24% on Thursday, expires later on Friday.

Brent crude futures climbed 57 cents, or 2%, to $29.04 per barrel. Brent rose 14.4% on Thursday in its biggest one-day gain since September.

U.S. crude and Brent have both collapsed about 40% in the last two weeks since talks between the Organization of the Petroleum Exporting Countries and its allies, including Russia, broke down, which led Saudi Arabia to ramp up supply.

The Trump administration is considering a diplomatic push to get Saudi Arabia to close its taps and using the threat of sanctions on Russia to force them to reduce output, the Wall Street Journal reported, quoting unidentified sources.

“A fair bit of short covering ensued after President Trump suggested he may tackle the oil crisis by brokering a deal between Moscow and Riyadh,” Stephen Innes, chief market strategist at AxiCorp, said in a note.

U.S. crude prices were also supported by the country’s plans to buy crude for stockpiling after the U.S. Department of Energy said it would buy up to 30 million barrels of crude oil for the Strategic Petroleum Reserve by the end of June.

“Buying oil for the strategic reserve is a very constructive measure to help some U.S. producers avoid collapse amid the international price war,” said Per Magnus Nysveen, head of analysis at Oslo-based energy research firm Rystad Energy.

[sbb1x] 20/3/2020 03:09

Brent 28.93$.Mr trump knows shale goes dow, the lenders go down, America goes down.Saudi cut or they will be seeing bombs.Shorters need 140 million share lol.Sammy might be buying 160 million to double down.Big guns taking 140 million shares as this is cheap as chips.Private investors also ready to power in lol.The perfect storm lolCrowded trade shorters, you have squeezed another blood outfit tlw, now your money is dead money.Bank tour profit chaps!

[spacedust] 19/3/2020 23:50

Could you copy and paste

[love and gold] 19/3/2020 22:37

Crude oil surges on rumors, but backs off
There are some rumours that Putin has instructed Novak to engage in Saudi Arabia in talks. That is the basis of the sharp run up.

We are currently giving up the gains with the price currently trading at $25.66. I guess the rumours don't have much credence, but it hard to tell the market to ignore the price action (PS liquidity is also limited)

[leoneobull] 19/3/2020 22:08

You lose you schmooze shortersDeal doneToday 19:47WASHINGTON-The Trump administration is considering intervening in the Saudi-Russian oil-price war with a diplomatic push to get the Saudis to cut oil production and threats of sanctions on Russia aimed at stabilizing prices, according to people familiar with the matter.

[lionheart69uk1] 19/3/2020 20:55

Oil appears to have rebounded today, up 25% on American trading.

[bigtune888] 19/3/2020 19:29

Senator Calls On Trump To Embargo Russia, OPEC Crude
By Julianne Geiger - Mar 18, 2020, 5:30 PM CDT
Shale
“We will not be bullied” is the message Senator Kevin Cramer would like President Donald Trump to send to Saudi Arabia and Russia about the unsettled oil markets that the two nations, along with the UAE are presently flooding.

The Republican Senator from North Dakota issued a letter to the President on Wednesday, calling for an embargo for crude oil from Russia, Saudi Arabia, and other OPEC nations.

The letter requests that an “immediate signal” be sent, saying that “The United States will not be bullied or taken for granted,” according to the Senator’s Twitter feed.

“Foreign nations are now using the environment of the worldwide spread of COVID-19 to flood the market and cripple our domestic energy producers.”

Senator Cramer takes an additional dig at Russia’s actions: “these bullying tactics by Russia have become the norm”, adding that Saudi Arabia, on the other hand, has been our partner, making its actions particularly concerning.

[bigtune888] 19/3/2020 19:20

WASHINGTON—The Trump administration is considering intervening in the Saudi-Russian oil-price war with a diplomatic push to get the Saudis to cut oil production and threats of sanctions on Russia aimed at stabilizing prices, according to people familiar with the matter.

The new strategy, which came as U.S. oil prices rebounded from their lowest level in 18 years with their largest one-day percentage climb on record, follows lobbying from U.S. oil companies asking for the Trump administration to ramp up its diplomatic intervention...

[crossing_the_rubicon] 19/3/2020 18:13

"Leoneobull19 Mar '20 - 17:57 - 44240 of 44246
Rubicon, roast locusts within weeks if food shortages kick in in UK"

Indeed, fried in garlic butter..Or sweet n sour style!


You'll need to get ahead of the 100,000 ducks though!!

[leoneobull] 19/3/2020 18:01

Ant. How is the short going ?Brent Oil Contract Real-time derived Create AlertAdd to Portfolio28.29 +3.41 +13.71% 14:00:49 - Real-time derived data. Currency in USD

[leoneobull] 19/3/2020 17:57

Rubicon, roast locusts within weeks if food shortages kick in in UK

[leoneobull] 19/3/2020 17:56

Stick that shorters. Stay safe

[spacedust] 19/3/2020 17:47

Oil rallies. 30$ tomorrow. 11p tlw. 50p later in the yr